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Revenue Related Disclosures
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Related Disclosures

Note 3. Revenue Related Disclosures

The changes in deferred revenue were as follows (in thousands):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Beginning balance

$

45,437

 

 

$

50,752

 

 

$

44,233

 

 

$

42,077

 

   New billings

 

21,943

 

 

 

24,887

 

 

 

50,362

 

 

 

57,924

 

   Revenue recognized during the year from beginning balance

 

(15,533

)

 

 

(19,550

)

 

 

(23,484

)

 

 

(29,051

)

   Revenue recognized during the year from new billings

 

(8,317

)

 

 

(6,658

)

 

 

(27,581

)

 

 

(21,519

)

Ending balance

$

43,530

 

 

$

49,431

 

 

$

43,530

 

 

$

49,431

 

The following table presents remaining performance obligations for contractually committed revenues as of June 30, 2025 (in thousands):

Remainder of 2025

 

 

 

 

 

 

$

30,049

 

2026

 

 

 

 

 

 

 

41,462

 

2027

 

 

 

 

 

 

 

24,201

 

Thereafter

 

 

 

 

 

 

 

4,214

 

Total

 

 

 

 

 

 

$

99,926

 

The timing of certain revenue recognition included in the table above is based on estimates of go-live dates for contracts not yet live. Contractually committed revenue includes deferred revenue as of June 30, 2025 and amounts under contract that will be invoiced after June 30, 2025.

During the three months ended June 30, 2025, the Company recognized revenues of $25.2 million from customers in the United States, and $0.7 million from customers in the Bahamas, South Africa and South America. During the three months ended June 30, 2024, the Company recognized revenues of $26.3 million from customers in the United States, and $0.7 million from customers in the Bahamas, South Africa and Uruguay.

During the six months ended June 30, 2025, the Company recognized revenues of $52.7 million from customers in the United States, and $1.5 million from customers in the Bahamas, South Africa and South America. During the six months ended June 30, 2024, the Company recognized revenues of $51.1 million from customers in the United States, and $1.3 million from customers in the Bahamas, South Africa and Uruguay.

During the three months ended June 30, 2025, the Company recognized revenues of $25.6 million from monthly subscription, maintenance and support services, and $0.3 million from professional software development services. During

the three months ended June 30, 2024, the Company recognized revenues of $26.0 million from monthly subscription, maintenance and support services, and $1.0 million from professional software development services.

During the six months ended June 30, 2025, the Company recognized revenues of $53.6 million from monthly subscription, maintenance and support services, and $0.7 million from professional software development services. During the six months ended June 30, 2024, the Company recognized revenues of $50.6 million from monthly subscription, maintenance and support services, and $1.8 million from professional software development services.

During the six months ended June 30, 2025, the Company recognized approximately $4.3 million of catch-up revenue comprising approximately $3.5 million of catch-up revenue during the three months ended March 31, 2025 based on two 3-year contract renewals with New York City Police Department and $0.8 million of catch-up revenue from various customers during the three months ended June 30, 2025.